Realm updates JORC resources, reserves for Katingan Ria coal project

By Romel S. Gurky

ASX-listed Realm Resources Limited said on Tuesday that it has undertaken the necessary geological assessments and studies required to update the estimated Coal Resources and Reserves for the PT Katingan Ria (PTKR) thermal coal project in Indonesia?s Central Kalimantan Province (in which Realm holds a 51% interest) in accordance with the reporting guidelines of the 2012 Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australasian Institute of Geoscientists, and Minerals Council of Australia (JORC Code 2012).

Real said in a statement it has commissioned Xenith Consulting Pty Ltd to complete an independent estimate (the Statement) of the Open Cut Coal Resources and Reserves within IUP Production No. 540/208/KPTS/V/2013 (the Lease), located in Central Kalimantan. The Statement, which reports the following coal resources and reserves for the Lease as at February 28, 2017, has been undertaken in accordance with the JORC Code 2012:
a) total Coal Resources (inclusive of Reserves) for PTKR have been estimated at 87.5Mt (6.5Mt Measured, 44Mt Indicated and 37Mt Inferred); and
b) total Coal Reserves for PTKR have been estimated at 27.4Mt (all classified as Probable)

Realm said the Coal Resources and Reserves estimate supersedes the prior estimate in 2013 with minor changes (approximately minus 1.5Mt to both Resources and Reserves) attributed to the changes in the domaining requirements in the 2014 Australian Guidelines for the Estimation and Classification of Coal Resources).

All Coal Resources and Reserves are quoted on a 100 percent basis.

Editing by Reiner Simanjuntak